On the revision of the institution of formation of the limit of the registrar's own funds

Subject. The task of ensuring the development of financial market institutions in accordance with modern macroeconomic requirements and the challenges of the time is important and relevant. It is important that the rules regulating such development do not hinder it and correspond to the specifics of the regulated institutions and the needs of the macroeconomy and clients. One of the parameters established by the Bank of Russia as a licensing requirement for registrars is the minimum amount of their own funds. Objectives. The experience accumulated by registrars shows that the said rule is outdated, its adequacy to modern realities requires analysis and revision. This work is devoted to the analysis of arguments in favor of the decision to revise the rule for determining the minimum amount of own funds for registrars and the justification for changing approaches. Methodology. The methods of system and logical analysis and construction, theoretical methods of analysis, synthesis, specification and generalization were used in the study. Results. An evidence base for the need to revise the rule for determining the minimum amount of own funds for registrars, supported by the modern content of scientific thought and the objective realities of the work of modern registrars, has been formed. Scope. The results of the work may be in demand in the work of the Bank of Russia, as well as in the work of all interested specialists and scientists aimed at increasing the efficiency of the financial sector. Conclusions. The arguments presented in the article form the basis for creating a regulatory decision on the indicator of the financial condition of registrars that meets modern market requirements and the challenges of the time.